KINGDOM LIFE ASSEMBLIES OF GOD CHURCH CHARITABLE COMPANY LIMITED BY GUARANTEE
REGISTERED CHARITY NUMBER: 1173599 REGISTERED COMPANY NUMBER: 11903791
REPORT OF THE TRUSTEES AND STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MARCH 2024 FOR KINGDOM LIFE ASSEMBLIES OF GOD CHURCH
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KINGDOM LIFE ASSEMBLIES OF GOD CHURCH CHARITABLE COMPANY LIMITED BY GUARANTEE
TABLE OF CONTENTS
LEGAL AND ADMINISTRATIVE INFORMATION ................................................................................... 3 ANNUAL REPORT OF THE TRUSTEES FOR THE 12 MONTH PERIOD ENDED 31 MARCH 2023 ........... 4 STATEMENT OF TRUSTEES RESPONSIBILITIES ................................................................................... 8 INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF KINGDOM LIFE ASSEMBLIES OF GOD .. 9 STATEMENT OF FINANCIAL ACTIVITIES FOR THE 12 MONTH PERIOD ENDED 31 MARCH 2024 ..... 10 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024 ........................................................ 11 NOTES TO THE FINANCIAL STATEMENTS ......................................................................................... 12
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KINGDOM LIFE ASSEMBLIES OF GOD CHURCH CHARITABLE COMPANY LIMITED BY GUARANTEE
LEGAL AND ADMINISTRATIVE INFORMATION
| REGISTERED CHARITY NUMBER | 1173599 |
|---|---|
| REGISTERED COMPANY NUMBER | 11903791 |
| REGISTERED OFFICE: | 15 Old Brewery Close |
| Aylesbury, Buckingham | |
| HP21 7SH | |
| TRUSTEES | Mr. James Afrifa Frimpong – Chairman |
| Mr. Richard Aning | |
| Miss Nana Yaa Frema | |
| ACCOUNTANTS | The Strategy Corporation Limited |
| Chartered Certified Accountants | |
| 50 Badgers Way | |
| Buckingham | |
| MK18 7HL | |
| BANKERS | HSBC Bank |
| 19 Midsummer Place | |
| P O Box 1888 | |
| Milton Keynes | |
| Buckinghamshire | |
| MK9 3GB |
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KINGDOM LIFE ASSEMBLIES OF GOD CHURCH CHARITABLE COMPANY LIMITED BY GUARANTEE
ANNUAL REPORT OF THE TRUSTEES FOR THE 12 MONTH PERIOD ENDED 31 MARCH 2023
KINGDOM LIFE ASSEMBLIES OF GOD (KLASSAOG) is church in fellowship with Assemblies of God. Incorporated in Great Britain. Registered Charity No: 1173599. The Trustees of the charity present their report with the financial statements of the charity for the 12-month period from 1[st] April 2023 to 31[st] March 2024. The financial statements comply with the Charities Act 2011 and have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (Charities SORP FRS 102, update Bulletin 1).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document established in the Constitution of the Church.
Recruitment and appointment of new Trustees
The Trustees who held office during the financial year and at the date of this report are set out on page 3. The Trustees are elected by the church in accordance with the rules set out in the Constitution. The method of appointment of the Church Council is also set out in the Church Constitution. A new Trustee was appointed to replace another for the period under review.
Induction and training of new Trustees
Trustees must demonstrate strong ethical values towards the church. All new Trustees are given, in the view of the Board of Trustees, sufficient training and have enough knowledge of their specific field(s) to understand the nature of the charity and fully comply with the charity's aims and objectives. They are required to participate in an orientation day to ensure they are aware of both their legal and professional responsibilities under charity and company law. Trustees are updated on the development of church activities on a regular basis.
Organisational structure
A three-member Board of Trustees is responsible for the strategic management and direction of the charity. The Board of Trustees and Council members have the responsibility of cooperating with the Reverend Minister in promoting the whole mission of the Church – pastoral, evangelistic, social, and ecumenical. The Trustees give their time on a voluntary and unpaid basis. The Church Council has wide responsibilities. It has several committees; each dealing with a particular aspect of church life. These committees, which include music/worship, events, outreach, welfare, and finance, are accountable to and regularly report back to the Board of Trustees and Church Council.
Risk management
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees and the spiritual leadership are aware of the major risks facing the charity and have policies in place to manage them. They review these policies and ensure they are well documented and up to date. This is done through discussions at trustee meetings to ensure comprehensive planning is in place to mitigate any identified risk. The trustees have a risk management strategy which comprises:
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regular financial review to ensure the continuity of charitable activities;
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ensuring all equipment are in good condition and safe for use;
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Competence based training for volunteers and trustees;
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liability insurance;
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Monitoring of new legislative requirements;
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Policies and procedures for children and vulnerable adults’ protection;
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Health and safety risks
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KINGDOM LIFE ASSEMBLIES OF GOD CHURCH CHARITABLE COMPANY LIMITED BY GUARANTEE
OBJECTIVES AND ACTIVITIES
Objectives and Purposes
In accordance with its governing document, Kingdom Life Assemblies of God Church is committed to enabling as many people as possible to worship at our church and to become part of our community. The trustees and the church council maintain an overview of worship throughout the parish and constantly seek ideas on how our services can involve the diverse population and groups that live within our parish and the community. Our services and worship put faith into practice through prayer and scripture, music and sacrament.
When planning our activities for the year, the Board of Trustees has considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our church community through:
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Worship and Prayer, learning about the Gospel; and developing their knowledge and trust in Jesus.
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Provision of pastoral care for pastors.
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Missionary and outreach work.
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Education and training
The Trustees are aware of the Charity Commission's guidance on public benefit in "The Advancement of Religion for the Public Benefit" and have regard to that guidance in their administration of the charity. The Trustees believes that this report provides evidence of the public benefit of the charity's work for the 12month period to 31[st] March 2024.
ACTIVITIES AND PERFORMANCE
Charitable activities
Worship and Prayer
Kingdom Life Assemblies of God Church continues to offer a range of services during the week and over the course of the year. The church and the community find these services beneficial which promote their spiritual growth.
Education, Missions and Evangelism
Kingdom Life Assemblies of God Church continue to educate and help those in need and members are encouraged to take learning opportunities to facilitate their growth.
Outreach – Missions and Evangelism
Kingdom Life Assemblies of God Church has partnered with Churches in England and Africa to propagate the gospel. In the UK, media and personal evangelism have reached many people for God.
Pastoral Care
Pastoral visits were made to as many people as were willing to access this service. Counselling demand was again high this year as more people reached forward for effective counselling.
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KINGDOM LIFE ASSEMBLIES OF GOD CHURCH CHARITABLE COMPANY LIMITED BY GUARANTEE
Volunteers
In this financial year, KLASSAOG has continued to rely on volunteers for its work in meeting the needs of its members and the general public. Without this support, KLASSAOG would have had to incur significant staff costs. The workers in the charity include administration staff, gospel musicians, Sunday school teachers, the deacons, ushers and technical team who all volunteer their services without any pay. It is difficult to quantify this in our financial statements however we are aware this will be a significant cost to the charity if all volunteers were paid for their services. The Trustees of the charity would like to express their ongoing appreciation to all valued members of the various departments in the church for their valuable contribution to keeping the church operational.
Future Plans
The medium/long-term aims of the charity are outlined below.
The Trustees are keen to expand the charity’s activities to other parts of the UK and have a medium to long-term goal of planting a new church in Milton Keynes and Hinkley, Leicestershire. This is predicated on finding a suitable facility that can be used as a church building.
Secondly, they are also planning to acquire a permanent place of worship for the church and are working towards ensuring that this goal is achieved within the next five years. This will enable them to provide additional charitable services to the community and further meet the charity's objectives.
Internal and external factors
The Trustees have made a full assessment of the internal and external factors that may affect these financial statements and do not consider that there are any additional material items that need to be reported to arrive at a true and fair understanding of them.
FINANCIAL REVIEW
Financial Performance
Total income generated during the year was £90,826 (2023: £96,406) a year-on-year decrease of 6% mainly driven by a decrease in income from offerings, tithes and gift aid receipts.
Total expenditure incurred on charitable activities was £104,827 (2023: £96,512) which represents 115% (2023: 101%) of income generated. This expenditure comprises ministry costs, support costs including depreciation, insurance, vehicle, and other operational expenses.
Costs incurred on charitable activities directly undertaken were £90,588 (2023: £69,731) which represents 86% of total expenditure (2023: 72%) and a year-on-year increase of £20,857. Support costs incurred were £14,240 (2023: £26,781)
Total net movement in funds for the year was therefore a deficit of £14,002 (2023: deficit £106) related to unrestricted activities.
Total funds carried forward on 31[st] March 2024 is a deficit of £10,165 (2023: £3,837).
Restricted Fund
There were no restricted funds during the period of review (2023: nil)
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KINGDOM LIFE ASSEMBLIES OF GOD CHURCH CHARITABLE COMPANY LIMITED BY GUARANTEE
Reserves policy
It is KLASSAOG’s policy that unrestricted funds not presently committed or invested should be maintained at the level equivalent to two months’ expenditure for KLASSAOG to continue pursuing its activities should there be a period of reduced income. The Trustees acknowledge that with unrestricted funds carried forward being in deficit, it doesn’t meet this policy and are working hard to increase the charity’s income to meet all expenses and subsequently build up a reserve balance in line with the policy.
Investment policy and objectives
Under the Memorandum and Articles of Association, the Trustees have the powers to invest in any way the Trustees deem fit and to direct the sale or transposition of any such investments, and to expend the proceeds of any such sale in furtherance of the objects of the Charity. For the period under review, the Trustees did not undertake any such investments, but funds that are not immediately needed may be invested in short-term deposits.
Overall, the charity has experienced another blessed and fulfilling year and expects to exceed its performance next year.
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KINGDOM LIFE ASSEMBLIES OF GOD CHURCH CHARITABLE COMPANY LIMITED BY GUARANTEE
STATEMENT OF TRUSTEES RESPONSIBILITIES
The Trustees including responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.
In preparing those financial statements, the Trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the company.
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KINGDOM LIFE ASSEMBLIES OF GOD CHURCH CHARITABLE COMPANY LIMITED BY GUARANTEE
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF KINGDOM LIFE ASSEMBLIES OF GOD
I report on the financial statements of the charity for the 12-month period 1st April 2023 to 31[st] March 2024, which are set out on pages 10 to 15.
Respective responsibilities of Trustees and examiner
The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. I am qualified to undertake the examination by being a qualified Fellow and Practising Member of the Association of Chartered Certified Accountants. The charity’s gross income however does not exceed £250,000.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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Examine the accounts under section 145 of the Charities Act;
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To follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and
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To state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’, and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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Which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 131 of the Charities Act; and
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oto prepare accounts which accord with the accounting records, comply with the accounting requirements and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or -
Which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
J A Y Clarke, FCCA MBA BA
The Strategy Corporation Chartered Certified Accountants and Management Consultants 50 Badgers Way Buckingham Buckinghamshire MK18 7HL
31 December 2024
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KINGDOM LIFE ASSEMBLIES OF GOD CHURCH CHARITABLE COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE 12 MONTH PERIOD ENDED 31 MARCH 2024
| Notes INCOME FROM: Donations and Legacies 2 TOTAL EXPENDITURE ON: Charitable Activities 3 TOTAL Net income/(expenditure) Net movement in funds Reconciliation of Funds Total funds brought forward 8 Total funds carried forward |
2024 2024 2024 2023 £ £ £ £ Unrestricted Funds Restricted Funds Total Funds Total Funds 90,826 - 90,826 96,406 90,826 90,826 96,406 104,827 - 104,827 96,512 |
2023 |
|---|---|---|
| 104,827 104,827 96,512 |
||
| (14,002) - (14,002) (106) |
||
| (14,002) (14,002) (106) |
||
| 3,837 3,837 3,943 |
||
| (10,165) (10,165) 3,837 |
The statement of financial activities includes all gains and losses recognised in the during. All income and expenditure derive from continuing activities.
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KINGDOM LIFE ASSEMBLIES OF GOD CHURCH CHARITABLE COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024
| Notes | 2024 | 2023 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| Fixed Assets | |||||
| Tangible Assets | 5 | 7,062 | 5,437 | ||
| Current Assets | |||||
| Debtors | |||||
| Cash at Bank and in hand | 26,295 | 46,411 | |||
| 26,295 | 46,411 | ||||
| Creditors: Amounts falling due within one year | 6 | (1,530} | (530} | ||
| Net Current Assets/(liabilities) | 24,765 | 45,880 | |||
| Total assets less current liabilities | 31,827 | 51,317 | |||
| Creditors: Amounts falling due after one year | 7 | (41,992} | (47,479} | ||
| NET ASSETS | (10,165} | 3,837 | |||
| Funds of the charity | |||||
| Restricted Funds | 8 | 5 | = | ||
| Unrestricted Funds | 8 | (10,165) | 3,837 | ||
| TOTAL FUNDS | (10,165} | 3,837 |
The notes on pages 12 to 15 form part of these accounts
Approved by the Board of Trustees on 26[th] January 2025 and
Signed on their behalf by
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KINGDOM LIFE ASSEMBLIES OF GOD CHURCH CHARITABLE COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
1. ACCOUNTING POLICIES
(a) Basis of Accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the requirements of Accounting and Reporting by Charities - the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (Charities SORP FRS 102, update Bulletin 1).
(b) Income
Income is included on the SoFA when the charity becomes legally entitled to the resources; and the monetary value can be measured with sufficient reliability.
(c) Expenditure
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
(d) Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter:
Fittings & Equipment:
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(a) Computer Equipment - 33.3% on cost
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(b) Technical Equipment – 20% on cost
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(c) Furniture and Fixtures – 20% on cost
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(d) Motor Vehicles – 20% on cost
(e) Stocks
Stocks are valued at the lower of cost and net realisable value, after allowing for obsolete and slow-moving items.
(f) Taxation
The charity is exempt from corporation tax on its charitable activities.
(g) Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees. Restricted funds can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes.
(h) Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the Trustees’ annual report.
(j) Going Concern
The accounts have been prepared on the Going Concern basis and the Trustees are not aware of any reason why this does not apply.
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KINGDOM LIFE ASSEMBLIES OF GOD CHURCH CHARITABLE COMPANY LIMITED BY GUARANTEE
2. ANALYSIS OF DONATIONS AND LEGACIES
| Unrestricted Funds Restricted Funds Total 2024 Donations 13,486 13,486 Gift Aid Receipts 17,692 17,692 Tithes/Offerings 59,647 59,647 90,826 - 90,826 |
Total 2023 4,040 21,598 70,768 |
|---|---|
| 96,406 |
3. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
| Welfare Evangelism and Special Events Conferences and Meetings Ministry expenses Operational expenses Vehicle expenses Depreciation Expense Professional Fees Insurance Entertainment & Hospitality Telephone & Internet Bank Charges Interest |
Activities undertaken directly Support Costs Total 2024 Total 2023 £ £ £ £ 10,282 10,282 5,110 1,500 1,500 1,729 6,641 6,641 7,547 50,570 50,570 31,191 21,595 21,595 24,154 2,690 2,690 15,218 3,226 3,226 1,437 1,000 1,000 530 4,652 4,652 4,476 - - 1,220 1,785 1,785 2,281 290 290 280 596 596 1,339 90,588 14,240 104,827 96,512 |
|---|---|
4. GOVERNANCE COSTS
These are costs associated with the governance arrangements of the charity which relate to the general running of the charity. The costs will normally include internal and external audit, legal advice for Trustees and costs associated with constitutional and statutory requirements and any other costs associated with the strategic as opposed to day-to-day management of the charity’s activities. No governance costs were incurred during the year (2023: nil)
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KINGDOM LIFE ASSEMBLIES OF GOD CHURCH CHARITABLE COMPANY LIMITED BY GUARANTEE
4.1 Trustees and Related Parties
Other than Trustees who also act as key management personnel, no payments or re-imbursements for out-of-pocket expenses were made to Trustees or other third parties during the year (2023: nil)
Under this financial year, there has not been any remuneration incurred to any Trustee or their family members. The Charity has however benefited significantly from Trustees and their contributions to the charity. All Trustees and their family contribute through tithing and offerings and regular donations.
4.2 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel
Key management personnel are those deemed to be those having authority and responsibility, delegated to them by the trustees, for planning, directing, and controlling the activities of the church. During the year this was Pastor James Afrifa Frimpong.
Remuneration and expenses for Rev. Afrifa Frimpong in this capacity was as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Remuneration | 12,000 | 12,000 |
4.3 Fees for examination or audit of the accounts
Total paid and accrued in the accounts for the statutory external scrutiny of accounts or other services provided by the independent examiner was £1,000 (2023: £530)
5. FIXED ASSETS
| Cost or valuation At the beginning of the year Additions Revaluations Disposals Transfers At end of the year Depreciation and impairments At beginning of the year Disposals Depreciation Impairment Transfers At end of the year Net book value Net book value at the beginning of the year Net book value at the end of the year |
Fixtures, fittings and equipment Motor Vehicles Computer equipment Total £ £ £ £ 5,593 2,418 4,194 12,206 4,369 2,311 280 6,960 - - - - (2,621) (1,300) - (3,921) - - - - |
|---|---|
| 7,341 3,429 4,474 15,244 |
|
| 2,055 881 3,832 6,768 (854) (173) - (1,027) 1,513 686 243 2,442 - - - - - - - - |
|
| 2,714 1,394 4,075 8,183 |
|
| 3,538 1,537 362 5,437 |
|
| 4,628 2,036 399 7,062 |
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KINGDOM LIFE ASSEMBLIES OF GOD CHURCH CHARITABLE COMPANY LIMITED BY GUARANTEE
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade Payables | 530 | - |
| Accruals | 1,000 | 530 |
| 1,530 |
530 |
7. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
| Long term creditors (BBL) | 2024 2023 £ £ 41,992 47,479 |
|---|---|
| 41,992 47,479 |
8. ANALYSIS OF CHARITABLE FUNDS
Analysis of movements in Funds – Current year
| FUNDS Restricted: Unrestricted: General funds Total Funds |
Balance 1 Apr 2023 Income Expenditure Transfer between funds Balance 31 Mar 2024 £ £ £ £ £ - - - - 3,837 90,826 (104,827) (10,165) |
|---|---|
| 3,837 90,826 (104,827) - (10,165) |
Analysis of movements in Funds - Previous year
| UNDS estricted: nrestricted: General funds otal Funds |
Balance 1 Apr 2022 Income Expenditure Transfer between funds Balance 31 Mar 2023 £ £ £ £ £ - - - - 3,943 96,406 (96,512) 3,837 |
|---|---|
| 3,943 96,406 (96,512) - 3,837 |
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